Leffler Eugene Frederick 4
4 · Biofrontera Inc. · Filed Jul 16, 2024
Insider Transaction Report
Form 4
Biofrontera Inc.BFRI
Leffler Eugene Frederick
Chief Financial Officer
Transactions
- Award
Restricted Stock Units
2024-07-12+175,000→ 175,000 total→ Common Stock (175,000 underlying) - Award
Employee stock option (right to buy)
2024-07-12+175,000→ 180,000 totalExercise: $1.38Exp: 2034-07-12→ Common Stock (175,000 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of BFRI common stock. The reporting person received the restricted stock units as an award for no consideration.
- [F2]The restricted stock units vest over one year in two equal installments, the first of which will be on the six month anniversary of the grant date and the second of which will be on the one-year anniversary of the grant date. Each vested restricted stock unit will be settled, at the Company's discretion, in shares, cash or a combination of shares and cash within 60 days of the vesting date.
- [F3]The option vests in three virtually equal annual installments beginning on July 12, 2025.